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What does the Coinpool withdrawal address mean (unable to withdraw from Coinpool)?

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What does the Coinpool withdrawal address mean? It is a way to take a small wal

What does the Coinpool withdrawal address mean (unable to withdraw from Coinpool)?

What does the Coinpool withdrawal address mean? It is a way to take a small wallet with digital currency or other types of tokens. This wallet address called Coinpool Withdrawal (BTT) is used as a special method for transfers in Bitcoin trading platforms. It can be understood as a large transaction, but it only works if the recipient’s phone number is provided.

This method is used to improve transaction speed and reduce costs, and can be seen as an asset transfer. For example, we can use it to purchase goods or directly withdraw funds from an exchange to our own wallet, and then use the funds for investments, and so on. With this, there is no need to pay any fees for user deposits, withdrawals, and transactions.

Unable to withdraw from Coinpool

According to the news from the financial website, Coinpool announced on Weibo today that withdrawals cannot be made.

It is known that on December 17, 2019, Coinpool announced in an official statement that all derivative trading services related to “Bitcoin futures” will be suspended. In early 2018, due to regulatory policy reasons, business activities could not be resumed temporarily. At the end of January 2019, “Blockchain Finance” officially started operating. In early October, the “Blockchain Supply Chain Banking Platform”, “Chainbao APP”, and “Ant Financial Blockchain Mini Program” were launched and in operation. However, shortly after this information was deleted, it triggered investor claims related to “Bitcoin futures”.

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